Summary
Greenwich-based Tontine Associates reportedly informed investors last week that half the hedge fund's assets have evaporated in the collapse of the credit markets, as the local industry braced for fund collapses and layoffs.
Along with New York City, Fairfield County has one of the world's five-largest clusters of hedge funds, lightly regulated investment pools that use exotic techniques in an effort to beat returns from traditional investments.See the full content of this document
Extract
Chaos Clips Hedge Funds
Greenwich-based Tontine Associates reportedly informed investors last week that half the hedge fund's assets have evaporated in the collapse of the credit markets, as the local industry br...
See the full content of this document
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